Residential Finance (Bayti) and Subsidized financing Murabaha

Tenure (Years) 10
Commitment No Commitment
Profit Type Murabaha
First Home Yes
  Subsidized Financing based on property price Financing based on property price
Property Price 500,000
Market value 540,000
Down Payment 25,000.00 (5%) 50,000.00 (10%)
Tenure (Months) 120
Profit Rate 2.89% 2.89%
Net Financed 475,000.00 450,000.00
Total Financed 612,275.00 580,050.00
Monthly installment  5,102.29  4,833.75
FTV  95%  90%
Settlement Type Profit+Principal
APR 5.28% 5.28%
Management Fees 5,000.00 5,000.00
Settlement Type Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 19/09/2023

Examples Based on Income

Salary 10,000 15,000 25,000
Down Payment 78,100.00 234,000.00 248,520.00
Tenure (Months) 240 240 240
Finance Type Murabaha Murabaha Murabaha
Profit Rate 3.45% 3.45% 3.45%
Principal Amount 781,065.00 1,384,615.00 2,485,207.00
Total Finance Amount 1,320,000.00 2,340,000.00 4,200,000.00
FTV 90% 90% 90%
Monthly Installment 5,500.00 9,750.00 17,500.00
Settlement Type Principal + Profits Principal + Profits Principal + Profits
APR 5.79% 5.79% 5.79%
Management Fees 5,000 5,000 5,000
Early Settlement Fees Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure.

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 19/09/2023

Pricing List

Product Profit Type Minimum Profit Rate APR
Residential Finance/Subsidized Funding/Investement and Equity Release  Murabaha/Tawaroq 2.75% 5.19%
Refinance Murabaha 3.25% 6.09%
Residential Finance and Refinance (Non Enrolled - Non Salary Transfer) Murabaha 2.25% 5.69%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 19/09/2023

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Bank AlJazira, A Saudi Joint Stock Company, Fully paid capital SAR 8,200,000,000, Commercial Registration No: 4030010523, Head office: Jeddah – Saudi Arabia, P.O. Box 6277
Jeddah 21442 Telephone: +966 12 609 8888 – Fax +966 12 609 8881, National Address: Bank AlJazira – King Abdulaziz Branch Rd – Ash Shati District Building No. 7724
Zip code 23513, Additional No. 3551, unit No.1 Website: www.baj.com.sa, Bank AlJazira is under the supervision of Saudi Central Bank